"LPR" is published on the 20th of every month, which will be postponed in case of holidays. The calculation method of LPR is that 18 banks * * * offer the same price. The calculation method is: remove a * price and a *, * to get the average, and re-quote on the 20th of each month. It can be simply explained as interest rate marketization.
Previously, the loan interest rate of commercial banks was "central bank's benchmark loan interest rate × (1 n%)", but after 20 19 10 8, the loan interest rate of commercial banks became LPR N basis points. LPR includes 1 year and more than 5 years.
1 and "LPR+ floating interest rate" are one of the conversion schemes of mortgage interest rate. For customers with floating interest rate loans, it is necessary to change the loan interest rate pricing method agreed in the original contract to LPR based on the corresponding term. Or directly converted into a fixed interest rate.
2. If the selected conversion scheme is "LPR+ floating interest rate", the converted interest rate level is equal to the latest interest rate implementation level of the original contract. On the repricing date, the new interest rate will be calculated according to the latest LPR and implemented in the next cycle. The value-added amount is equal to the latest interest rate execution level of the original contract at the time of conversion minus the current LPR quotation of the corresponding period.
3. For example, a customer's mortgage interest rate is 5.25%, the annual re-pricing date is 65438+ 10/0, and it is changed to LPR on August 1 0, 2020. The quotation of LPR 2065 438+09 12.20 is: 4.80% over 5 years, then the added value (which can be negative) can be calculated as: 5.25%-4.80% = 0.45%.
After the conversion, the customer's mortgage interest rate is still 5.25% temporarily. At 65438+1 October1next year, add 0.45% to the lowest LPR at that time to get the new interest rate, and then implement the new mortgage interest rate next year.